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How Current leveraged Spanner to build a resilient platform for banking services
- Current, a fintech start-up, utilized Spanner, Google’s globally distributed database, to create a scalable and robust technological foundation for its financial services.
- Central to the fintech’s success was a cloud-native infrastructure built on Google Cloud although its previous self-hosted graph database lacked cloud-native capabilities and horizontal scalability.
- The cloud-native platform required a database solution with consistent writes, horizontal scalability, low read latency under load, and multi-region failover.
- Spanner emerged as the ideal solution for the fintech start-up, fulfilling all its requirements.
- Current previously faced a challenge of making financial services available to low-income Americans without a bank account, solving which they developed a modern core banking system to power its platform.
- Their Spanner-powered user graph service delivered the consistency, reliability, and scalability essential for their financial platform.
- It dramatically improved resilience, reduced RTO and RPO by more than 10x, and cut times to just one hour implementing streamlined data restoration process.
- The company has reduced its availability-related incidents to zero since migrating to Spanner, eliminated any potential disruption in customer satisfaction and potential churn.
- Current’s Spanner-powered infrastructure empowers it to deliver reliable and efficient financial services, critical for building and maintaining member trust.
- Their strategic migration process to Spanner resulted in a zero-downtime, zero-loss cutover, minimizing risks and maximizing efficiency.
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